Daily Dispatches

BlackRock gold fund resumed issuing shares too soon, faces penalties

Submitted by cpowell on Mon, 2016-03-07 10:51 Section: Daily Dispatches

By Trevor Hunnicutt
Reuters
Monday, March 7, 2016

http://www.reuters.com/article/blackrock-gold-etf-idUSWNAB0A9UQ

NEW YORK -- BlackRock issued 25 million shares of the iShares Gold Trust (IAU) before they were officially registered with securities regulators, and the fund "may become subject to penalties" by securities regulators, the fund manager said in a regulatory filing today.

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In transparency bid, Chinese central bank reveals some non-dollar reserves

Submitted by cpowell on Sun, 2016-03-06 09:46 Section: Daily Dispatches

By Bloomberg News
Sunday, March 6, 2016

A Chinese central bank official disclosed for the first time the sources of non-dollar assets in its foreign-exchange reserves, the latest gesture by the monetary authority to respond to calls for increased transparency of its currency policy.

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Faith in central banks' healing powers is faltering, BIS says

Submitted by cpowell on Sun, 2016-03-06 09:42 Section: Daily Dispatches

By Marc Jones
Reuters
Sunday, March 6, 2016

LONDON -- Financial markets' shaky start to the year shows they are losing faith in the "healing powers" of central banks, the Bank for International Settlements (BIS) said today while voicing concerns over sub-zero interest rates and emerging economies.

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Geologist Keith Barron describes his road to discovery in Ecuador

Submitted by cpowell on Sat, 2016-03-05 20:27 Section: Daily Dispatches

8:27p ET Saturday, March 5, 2016

Dear Friend of GATA and Gold:

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U.S. watchdog to probe Fed's lax oversight of Wall Street

Submitted by cpowell on Sat, 2016-03-05 20:11 Section: Daily Dispatches

Jonathan Spicer
Reuters
Saturday, March 5, 2016

NEW YORK -- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank.

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Canadian Press finds ignoramuses to provide cover for gold dishoarding

Submitted by cpowell on Sat, 2016-03-05 15:47 Section: Daily Dispatches

Good grief! At the Sprott School of Business no less. Eric deserves a refund.

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Canada's Gold Reserve Selloff Makes Sense, Experts Say

By Ian Bickis
The Canadian Press
via CTV, Toronto

http://www.ctvnews.ca/business/canada-s-gold-reserve-sell-off-makes-sens...

Canada may be a global outlier when it comes to its selloff of gold.

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South African gold miners awarded $32.5 million in compensation

Submitted by cpowell on Sat, 2016-03-05 15:22 Section: Daily Dispatches

By the Associated Press
via The Guardian, London
Saturday, March 5, 2016

South African gold miners infected with lung diseases brought on by repeated exposure to dust have won a multimillion-dollar out-of-court settlement, their lawyers have said.

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BlackRock gold fund expects to resume issuing shares by Wednesday

Submitted by cpowell on Sat, 2016-03-05 09:57 Section: Daily Dispatches

BlackRock Stops Issuing Shares in Physical Gold Trust, Citing Demand

From Reuters
Friday, March 4, 2016

NEW YORK -- BlackRock Inc. said Friday it had suspended the issuing of shares in its physically backed gold exchange traded product due to a historic surge in buying as global economic uncertainty rekindled bullion's safe-haven appeal among investors.